Larsen & Toubro, India's leading engineering, procurement and construction projects, manufacturing, defence and services conglomerate, delivered the first hardware, a booster segment, for Gaganyaan Launch Vehicle to ISRO ahead of schedule in a virtual flag-off ceremony presided over by Dr. K Sivan, Chairman, Indian Space Research Organisation (ISRO).
Notwithstanding the limitations imposed by COVID-19, the Middle segment of the world's third-largest solid propellant rocket booster - 'S-200,' has been delivered ahead of schedule with Zero-Defects. The segment was produced at L&T's Powai Aerospace Manufacturing Facility meeting the enhanced quality and timeline requirements for India's maiden manned mission.
L&T is playing a vital role in powering ISRO's Human Space Flight Program (HSFP). A trusted partner of ISRO for almost five decades, L&T has been involved in the production of a range of hardware for every mission of ISRO, including the acclaimed Chandrayaan and Mangalyaan missions.
The critical booster segment, with a diameter of 3.2 meters, 8.5 meters in length and weighing 5.5 tons, was jointly flagged off in a virtual event by Dr. K Sivan, Secretary Department of Space & Chairman ISRO and Mr. Jayant Patil Whole-time Director and Member of L&T board. This ceremony was graced by Dr S. Somnath, Director VSSC, Dr V R Lalithambika, Director DHSP and Dr S Unnikrishnan Nair, Director HSFC, members of scientific community across ISRO laboratories and officials from Larsen & Toubro.
Terming this maiden delivery as a magnificent Diwali gift to the nation, Dr K Sivan, Chairman, ISRO, complimented the ISRO and L&T teams and said, "both the teams have relentlessly worked on realizing the flight hardware ahead of schedule while maintaining the highest quality standards required for a Human Space Flight Mission."
Mr JD Patil, Whole-Time Director and Senior Executive Vice President (Defence & Smart Technologies), L&T said, "We felt honoured to be trusted by ISRO in this extremely critical space program, where best engineering minds and skilled hands of L&T are meeting the technological challenges with ISRO, its five-decade-old partner. We are confident that together with ISRO scientists, L&T engineers and technicians will fulfill aspirations of the Nation."
The Human Space Mission: GSLV Mk III launcher which is ISRO's heavy-lift launcher is identified for Gaganyaan mission given its requisite payload carrying capacity for launching an Orbiter module in a desired elliptical orbit. The S-200 forms the solid propellant booster for this launch vehicle.
Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1081.25 as compared to the previous close of Rs. 1059.1. The total number of shares traded during the day was 325028 in over 13258 trades.
The stock hit an intraday high of Rs. 1096.7 and intraday low of 1061. The net turnover during the day was Rs. 352238936.